Funding you earn now, next payment 00:00 UTC−0.3275%/8h= −358.6% APRpaid last 24h −0.383%
Price spread now: Deribit against Orderly−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$98 a day on $10k at the current rate, and Deribit is 0.049% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_FET_USDC | 0.2038 | 0.0100 | pay 0.0100% / 8h | 28m 00s | $38K | $6K | 10x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2037 | −0.3175 | pay 0.0397% / 1h | 28m 00s | $28K | $201K | 10x |
Orderly PERP_FET_USDC
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$687.68
- Price spread: −0.049% → 0.000%
- −$4.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$705.59
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 50 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 50 min ago | 9.94 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
FET on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUALshort | −0.3175% | 1h | 0.2037 | −0.049% | $28K | $201K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2043 | +0.245% | $153K | $202K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0478% | 1h | 0.2039 | +0.070% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2040 | +0.080% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.374% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0054% | 8h | 0.2037 | −0.049% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2040 | +0.094% | $339K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2038 | 0.000% | $31.8M | $108.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2037 | −0.049% | $34.4M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | +0.049% | $10.5M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2043 | +0.258% | $299K | $339K | — | as long as short |
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2038 | long leg | $38K | $6K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2039 | +0.031% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | +0.004% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2041 | +0.147% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0300% | 8h | 0.2039 | +0.049% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0303% | 4h | 0.2041 | +0.147% | $990K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0313% | 8h | 0.2040 | +0.098% | $16.5M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2043 | +0.265% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0544% | 1h | 0.2041 | +0.167% | $9.0M | $8.0M | 5x | as long as short |
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET